Record 45 MoUs Signed at 10th Belt and Road Summit, Strengthening Global Economic Ties
TL;DR
The Belt and Road Summit offers businesses a strategic advantage through 45 signed MoUs and 800+ project meetings, enabling global expansion and market access.
The Summit facilitated 45 MoUs across sectors like aviation and energy, with 300+ projects showcased and 800+ meetings arranged over two days.
Cross-border collaborations signed at the Summit improve livelihoods through agri-tech and water treatment, fostering sustainable development and economic growth.
Hong Kong's Summit connected 70+ countries with innovative deals, from poultry tech in Indonesia to carbon credit education in Asia.
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The 10th Belt and Road Summit concluded successfully after attracting 6,200 participants from more than 70 countries and regions, marking a significant milestone in international economic cooperation. The event, jointly organized by the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development Council, resulted in a record 45 memoranda of understanding signed across aviation, energy, finance, infrastructure, and technology sectors.
The summit facilitated substantial cross-border collaboration through 9 government-to-government and 36 business-to-business agreements spanning multiple regions including Mainland China, ASEAN countries, the Middle East, Australia, Germany, Hungary, Kazakhstan, New Zealand, Pakistan, and the United States. One notable agreement involved HKTDC and Invest Oman to promote bilateral economic cooperation and knowledge exchange.
Several agreements focused on projects with significant social impact, including cross-sector collaborations between finance and agricultural technology. A joint venture between Indonesia's Chickin PTE LTD and Hong Kong's LINKTA Technologies Limited aims to apply agricultural technology to Indonesia's layer hen market, addressing issues like feed waste and mortality rates while improving local livelihoods. Chickin CEO Tubagus Syailendra emphasized that this partnership supports food security between China and Indonesia while enhancing farmers' efficiencies and profit margins.
The summit also featured a major four-party agreement between Australia's Planex, Germany's ESCP Business School, Hong Kong's Carbon Offset Association Limited, and the United States' Arx Veritas to develop ESG and carbon credit trading education in Hong Kong. Planex Co-Founder Colin Lam noted that Hong Kong's established position as a top financial center makes it an ideal hub for expanding carbon exchange business to mainland China and the Middle East.
Additional partnerships included New Zealand's Infinite Water Limited signing two MoUs with US companies Realtime Purity and DAUM Consulting to establish strategic collaboration in water treatment technology. The company's Managing Director Dr. Yum-Keung Ip highlighted that these agreements mark the beginning of their commercialization phase after years of research and development.
The event showcased over 300 matched investment projects and arranged more than 800 one-to-one project matching meetings, with deal-making continuing online through September 16. New elements introduced this year included featured sessions on major infrastructure projects in Thailand and Saudi Arabia, as well as expanded exhibition areas including a new ASEAN Zone showcasing multi-sector projects from the region.
The summit's significance extends beyond immediate business deals, reinforcing Hong Kong's role as a super connector and functional platform for the Belt and Road Initiative. The continued expansion of international partnerships through such platforms demonstrates the growing importance of multilateral cooperation in addressing global challenges while creating sustainable economic opportunities across diverse regions and sectors.
Curated from NewMediaWire
